# CME dairy prices continue to slip – Histórico eDairyNews

> CME block cheddar sank to $1.35 per pound before rallying to $1.40 by March 17, and barrels closed at $1.3650. Cash butter fell to $2.11 on a heavy sell-off before closing at $2.13, and Midwest cheese output kept pace with readily available milk.

- Date: 2017-03-22 · published 2017-03-22T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/72009-cme-dairy-prices-continue-to-slip-historico-edairynews
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Abundant milk and long cheese inventories are keeping US cheese and butter prices weak, which weighs on milk price expectations.

## Read by commodity

- MILK: bearish ▼

## Sources

- history.edairynews.com: http://history.edairynews.com/paises/cme-dairy-prices-continue-to-slip/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.